Bitcoin-Backed Loans in North Dakota
3 of the 7 Bitcoin-backed loan lenders we track serve North Dakota, with rates from 7.75% APR. Here is who lends in North Dakota, who doesn't, and what each offers.
North Dakota pairs a very low top income tax rate of 2.5 percent with a 40 percent long-term capital gains exclusion, so even selling BTC is relatively light on the state side, but borrowing against it still sidesteps the capital gains event entirely. With no crypto-specific lending rules, national Bitcoin-backed lenders are broadly available to North Dakotans subject to their standard multistate licensing.
By Steven Han and Michael Song ·Availability verified September 15, 2026 · Verified daily · rates last changed August 22, 2026 · North Dakota tax and regulatory review July 22, 2026
Sell or borrow in North Dakota: the tax math
Selling Bitcoin in North Dakota can trigger federal capital gains tax plus a state effective rate near 1.5 percent on a large long-term gain. Borrowing against your BTC is not a sale and is not a taxable event.
North Dakota levies a personal income tax with a low top marginal rate of 2.5 percent. The state taxes capital gains as ordinary income but allows a 40 percent deduction on long-term capital gains, so a long-held Bitcoin gain faces a top effective state rate of roughly 1.5 percent. That state rate sits on top of federal capital gains tax, which is the far larger bill when you sell.
Important: not tax or legal advice
The tax and regulatory information on this page is general information, not tax, legal, or investment advice, and the rates shown are illustrative top-of-schedule figures, not a calculation of what you personally would owe. borrowonbitcoin.com is published by Sypher Capital; we are a publisher and affiliate referral source, not a lender, broker, registered investment advisor, tax preparer, or law firm. The state and federal figures here are compiled from public sources, including IRS Revenue Procedures, state departments of revenue and taxation, state statutes, and the Tax Foundation, and are current only as of the tax year shown; the sources are linked at the foot of this page. Tax and licensing law change, sometimes mid-year, and how any of it applies to you depends on your income, filing status, residency, cost basis, holding period, local taxes, and other facts this page does not capture, so your actual result can differ materially. The tax treatment of Bitcoin-backed loans is itself unsettled and still developing. Borrowing against Bitcoin carries its own risks, including forced liquidation of your collateral. Lender availability and a state's rules can both change; confirm current eligibility with the lender, and confirm your own tax situation with a CPA or qualified tax professional, before acting on anything here.
North Dakota tax and regulatory facts for the 2026 tax year, last reviewed July 22, 2026. Sources are listed at the foot of this page.
Lenders available in North Dakota
| Lender | APR | Max LTV | Custody | Eligibility note | Review |
|---|---|---|---|---|---|
 Strike | APRfrom 7.75% | Max LTVup to 50% | CustodyLender-held | From $10,000 | Learn More |
 Figure | APRfrom 9.76% | Max LTVup to 75% | CustodyLender-held | From $5,000 | Learn More |
 APX Lending | APRfrom 9.99% | Max LTVup to 60% | CustodyQualified custodian | US loans paid in USDC · $25k min | Learn More |
Estimate your rate in North Dakota
Borrowing $100,000 against 2.63 BTC ($200,000) is 50% LTV. BTC reference ≈ $76,000.
3 lenders serve North Dakota at this size and LTV, lowest effective APR first. Effective APR includes origination fees.
FigureLowest APRAPX LendingStrikeNot available in North Dakota
Arch, Unchained, SALT, Ledn do not currently lend in North Dakota, based on each lender's stated coverage.
Why lender coverage looks the way it does in North Dakota
North Dakota has no crypto-specific lending regime and no BitLicense-style law governing Bitcoin-backed loans. The state's 2025 virtual currency kiosk law (HB 1447) requires crypto ATM operators to hold a money transmitter license, but that applies to kiosks, not to collateralized lending. Availability of Bitcoin-backed loans is broadly nationwide, subject to each lender's own multistate licensing and the North Dakota Department of Financial Institutions oversight of money transmitters and consumer lenders.
Bitcoin and crypto in North Dakota
North Dakota's bitcoin presence is industrial rather than legislative.
North Dakota bitcoin law & policy tracker (2026)
Last reviewed · Reviewed quarterly
North Dakota's bitcoin story is industrial rather than legislative. The state is a major mining hub because of flared Bakken gas, while its actual crypto lawmaking has been modest and mostly defensive.
The mining economy
Operators including MARA and Crusoe, plus an Exxon pilot, run data centers on flared and stranded natural gas in the Bakken, turning gas that would otherwise be burned off into compute. That is why North Dakota appears in bitcoin coverage far more often than its legislative record would suggest.
It is worth separating from anything a borrower experiences. A mining hub is an energy and land story. It does not change the terms on which a North Dakota resident can borrow against bitcoin they already hold.
The docket
- EnactedHB 1447 (2025)
Virtual currency kiosk consumer protection
Requires crypto ATM operators to hold a money transmitter license, imposes a $2,000 daily transaction limit, and requires blockchain analytics. The daily cap is tighter than most states have set.
It applies to kiosks. It does not apply to collateralized lending.
- Failed 57-32 in the HouseHB 1184 (2025)
Strategic bitcoin reserve
Defeated in the House 57 to 32 in 2025. North Dakota hosts a great deal of bitcoin mining and declined to hold any bitcoin on its own balance sheet, which is a useful reminder that a state's industrial exposure and its treasury policy are separate questions.
Tax and lending
North Dakota's top capital gains rate is 1.5 percent, the lowest of any state in this series that taxes income at all. The state cost of selling is therefore small, and the case for borrowing rather than selling rests mostly on the federal bill and on keeping the position.
There is no crypto-specific lending regime and no BitLicense-style law. HB 1447 reaches kiosks, not loans, so availability turns on each lender's own multistate licensing. three of the seven lenders we track serve North Dakota, with Arch, Unchained, SALT and Ledn sitting it out.
Legislative status is current as of August 27, 2026 and re-checked quarterly. Bills move, take effect, and die between reviews, so confirm anything you plan to act on against the primary sources linked above and at the foot of this page. This is information, not legal or tax advice.
Lender availability above reflects each lender's stated state coverage, which we verify daily. This page is information, not legal or financial advice, and a lender's coverage or a state's rules can change, so confirm current eligibility with the lender when you apply.
Frequently asked
Does North Dakota tax profit from selling Bitcoin?
Yes. North Dakota taxes capital gains as ordinary income at rates up to 2.5 percent, but it allows a 40 percent deduction on long-term gains, which brings the top effective state rate on a long-held Bitcoin gain to roughly 1.5 percent. Federal capital gains tax applies separately and is usually the larger amount.
Is taking a Bitcoin-backed loan a taxable event in North Dakota?
No. Pledging Bitcoin as collateral to borrow cash is not a sale, so it does not trigger federal or North Dakota capital gains tax. You keep your BTC position while accessing liquidity, though you owe interest and risk liquidation if the collateral value falls.
Are Bitcoin-backed loans available to North Dakota residents?
Generally yes. North Dakota has no crypto-specific lending regime, so availability depends on each lender's multistate licensing rather than a state crypto law. The 2025 kiosk licensing law (HB 1447) applies to crypto ATMs, not to collateralized Bitcoin loans.
Can I get a Bitcoin-backed loan in North Dakota?
Yes. 3 of the Bitcoin-backed lenders we track serve North Dakota, with starting rates from 7.75% APR. They include Strike, Figure, APX Lending.
Which lenders offer Bitcoin-backed loans in North Dakota?
Strike, Figure, APX Lending all serve North Dakota according to their stated coverage, which we verify daily.
Are any Bitcoin loan lenders not available in North Dakota?
Arch, Unchained, SALT, Ledn do not currently lend in North Dakota.
Bitcoin loans in nearby states
New to this? How Bitcoin-backed loans work covers LTV, margin calls, and custody before you compare rates in North Dakota.
Sources
- North Dakota individual income tax has a top marginal rate of 2.5 percent, the lowest of any income-tax state, with a 0 percent bottom bracket. · tax.nd.gov
- North Dakota offers a 40 percent exclusion on net long-term capital gains, which are otherwise taxed as ordinary income. · taxfoundation.org
- North Dakota's 2025 HB 1447 requires virtual currency kiosk operators to obtain a money transmitter license, imposes a $2,000 daily limit, and mandates blockchain analytics for fraud detection. · coindesk.com
- North Dakota's strategic Bitcoin reserve bill HB 1184 failed the House by a 57 to 32 vote in 2025. · cointelegraph.com
- North Dakota HB 1447 (2025), virtual currency kiosks · ndlegis.gov
- North Dakota HB 1184 (2025), strategic bitcoin reserve · ndlegis.gov
- North Dakota Office of State Tax Commissioner · tax.nd.gov
Cite this data
Bitcoin-backed loan availability in North Dakota: 3 of 7 tracked lenders serve the state, from 7.75% APR. borrow/on/bitcoin, verified September 15, 2026. https://borrowonbitcoin.com/bitcoin-loans/north-dakota
Free to cite with attribution and a link. Media inquiries welcome.
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